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CloudCoin better than Bitcoin, founder says
Worthington appeared promoting his new book, Beyond Bitcoin: The Future of Digital Currency, discussed why Bitcoin is flawed and listed advantages of his next generation alternative:
Bulldog asked how CloudCoin differs from Bitcoin's blockchain technology.
"CloudCoin is the second technology to solve the physical integrity problem," Worthington said, "It has the luxury of looking at blockchain's mistakes, number one being scalability. The more people that use blockchain, the slower it gets and that's causing all this frustration and what are called hard forks and soft forks. They're having wars about what the algorithm should be. CloudCoin does not have that problem. It's scalable and very fast."
Bulldog asked about CloudCoin prices and how high prices could go. Worthington said CloudCoin trades publically for up to $0.085 and listed reasons why that price will go up, including potential splits that would keep the price from going too high for practical use (like Bitcoin has experienced)
"I would like to buy some of this. Absolutely,"
Worthington said acquiring CloudCoins is much simpler and easier than other digital currencies.
Worthington's book details Bitcoin and blockchain's other shortcomings, including the sheer size of the blockchain (150 GB and growing), the massive amount of power consumed by Bitcoin mining (as much as the entire state of New Mexico each day) and the tremendous length of time it takes to conduct Bitcoin transactions (from two hours to as much as two weeks).
Worthington is a tenured faculty member in the Computer Science department at Butte College in Calif. His book is available free at http://digitalfrontiernews.com for a limited time, along with five free CloudCoins.
Visit http://cloudcoin.global for more information about CloudCoin and the provisionally patented RAIDA technology.
Contact Ace Fogerson for more information or to arrange an interview with Worthington.